Not much to this other than rejection at resistance and bouncing off downtrend line. Expecting a gap down tomorrow so that will probably take off some of the potential profit, but still plenty of room.
Pretty straight forward. Uber has been trading in a range for a couple of weeks and broke to the upside. Holding up decently considering the selloff so far today. Hopefully get some good confirmation tomorrow.
Setup looks bullish as it completes 5th move of Elliot Wave, bounces off bottom Bollinger Band and cuts through 10 ema on the hourly.
I'm pretty new to this stuff, although I've had luck the last few weeks putting my money where my mouth is so I'll try to share insights. Any feedback would be greatly appreciated. Please trade at your own risk as I don't have a crystal ball. I recognize many will suggest futures don't matter as much as during high liquidity trading times, but if we have a major...